Tiny grid effect when moving on new monitor? (Iiyama prolite E2208HDD)

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Couldn't explain this..

Just got the Iiyama prolite E2208HDD for my parents. Tried out a game and bit of browsing here :p
When ever stuff moves on the monitor its like a tiny grid or diamonds, its not extremely noticable when scrolling down say, this forum, but is when you're playing a game that has a lot of movement.

Hope you know what I mean, can't think how else to explain it.
Is this normal for a low budget monitor?

David
 
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